If we break the R1 that would be very . Remember at any point it time the odds are 50/50% of going higher or lower, fact. So you have to see both possibilities.
Wave 4 is the hardest wave to read, as wave 2 is simple and corrective, and wave 4 is complex and corrective.
I am a contrarian so I will short the top of the 4th wave with a STOP above R1 in a few days timeframe.
Above that i would be long.